Pound Sterling Price News and Forecast GBP/USD: Range bound with an eye on the BOE

FXStreet Team FXStreet

GBP/USD Weekly Forecast: Range bound with an eye on the BOE

Weak July GDP data restrains sterling and rate hike expectations. GBP/USD finishes the week on par and at the middle of three-month range. Sterling’s recovery on Thursday and Friday ended, temporarily, the threat of the GBP/USD breaking below 1.3765 support and entering the lowest part of its seven-month range. Read more...

GBP/USD fails gains near 1.3900, erases weekly gains

US dollar gains momentum near the end of the week on higher US yields. GBP/USD unable to break key resistance again; upside remains limited. The GBP/USD peaked on Friday at 1.3887, the highest level in a week, and then lost momentum. Near the end of the week, it is trading at 1.3840, around the same level it had a week ago, after erasing daily gains. Read more...

GBP/USD

Overview
Today last price	1.384
Today Daily Change	0.0004
Today Daily Change %	0.03
Today daily open	1.3836

Trends
Daily SMA20	1.3768
Daily SMA50	1.3807
Daily SMA100	1.3918
Daily SMA200	1.3823

Levels
Previous Daily High	1.3863
Previous Daily Low	1.3754
Previous Weekly High	1.3892
Previous Weekly Low	1.3731
Previous Monthly High	1.3958
Previous Monthly Low	1.3602
Daily Fibonacci 38.2%	1.3821
Daily Fibonacci 61.8%	1.3795
Daily Pivot Point S1	1.3772
Daily Pivot Point S2	1.3709
Daily Pivot Point S3	1.3663
Daily Pivot Point R1	1.3881
Daily Pivot Point R2	1.3926
Daily Pivot Point R3	1.399

GBP/USD Forecast: Consolidating gains ahead of 1.3900

The GBP/USD pair retains its latest gains and trades near a weekly high of 1.3884 set on Friday. The American dollar remains pressured, despite US government bond yields have recovered from Thursday’s plunge, with that on the 10-year Treasury note currently around 1.32%. The better performance of equities provides additional support to the pair. Read more...

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.